RHB Retail Research
Trading Stocks - FoundPac Group
FoundPac Group may rebound further after it tested MYR0.30 support recently. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may emerge above the MYR0.32 level, with an exit set below the MYR0.30 threshold. Towards the upside, the immediate resistance is at MYR0.35. This is followed by the MYR0.39 level.
Source: RHB Securities Research - 27 Jun 2019
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